RaaS #453: Lido Enables Native Staking For Custodians!

SharpLink Aims For 1M ETH, Binance H1 Report, and Moar!

Coinbase Wallet rebrands to Base App: a social, trading, and AI-powered “everything app” for onchain life. Combined with Base Chain and Build, Coinbase is building a full-stack ecosystem to drive crypto’s mainstream moment.

Ignas raises red flags on HYPE’s supply risk: $460M/month team unlocks start in Nov, with 38.9% of tokens unallocated. Circulating mcap leaves room for upside, but a lack of airdrop transparency introduces asymmetric risk.

Boundless kicks off its Mainnet Beta sale, gamifying access to ZKP-backed infrastructure. Tiered rewards (up to 50% bonus) reflect the rising traction of zero-knowledge tech, now a pillar in next-gen blockchain scalability.

Ondo’s USDY, backed by U.S. Treasuries, is launching on Sei Network, bringing regulated, yield-bearing dollars to one of the fastest L1s. A major step for RWA composability in high-performance DeFi.

BitGo becomes the first U.S. custodian to offer native ETH staking via Lido, letting institutions mint stETH directly from custody, unlocking liquid staking at scale with regulatory-grade security.

SharpLink Gaming now holds 280,706 ETH and has earned 485 ETH in staking rewards since June 2025, signaling a clear treasury strategy centered on Ethereum. With a long-term goal of reaching 1 million ETH, the firm is leaning fully into onchain yield, staking, compounding, and riding the broader institutional accumulation wave.

Delphi launched Delphi Intelligence, a free research platform diving into AI, robotics, and emerging tech. After 7 years of building in crypto, they’re expanding their thesis with deep AI investments, accelerators, and research.

Keep the markets in your prayers, fam!

You can do great work in silence or get better jobs by being seen. A strong personal brand builds trust and brings jobs to you. In an increasingly corporate crypto world, that’s leverage.

GEODNET is emerging as a sustainable DePIN model. Its globally distributed RTK network ties token burns to real revenue, burning 80% of income from RTK usage. Burns have surged 39% QoQ, while emissions are halving. With 18K+ miners in 145 countries, usage and value are growing in sync.

Top Gainers: ASM, LUNA, COMPANION ANI, MANYU, BLACK.

Crypto Week in Congress spiraled amid MAGA infighting, Epstein fallout, and CBDC fears. While the GENIUS stablecoin bill may pass, the CLARITY Act on market structure is likely dead after GOP hardliners and pro-crypto Democrats clashed over anti-CBDC language and DeFi regulation.

Binance’s H1 2025 report shows modest 1.99% YTD growth. Bitcoin led with +13%, stablecoins hit $250B, DeFi leaned into RWAs and restaking, and L1s/L2s diverged. Institutional adoption rose, AI and DePIN gained traction, and regulation set the tone. Overall, expected and uneventful.

Ripple co-founder Chris Larsen moved $26M in XRP to Coinbase as part of a $344M offload this year. With XRP up 32% and just 3.8% below its 2018 ATH, signs point to profit-taking. Larsen still holds 2.6B XRP worth $8.3B, as his net worth jumps to $9.7B.

That’s all for today!